by Livingston Taxes | Dec 17, 2021 | Tax Tips and News
The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky. Around December 10, Kentucky residents were hit by a trifecta of terror: tornadoes, severe thunderstorms and flooding. Many small communities were...
by Livingston Taxes | Dec 15, 2021 | Tax Tips and News
The IRS, the Independent Sector, and the National Council of Nonprofits are this week reminding non-itemizers that charitable contributions made this year may qualify for a tax deduction. This temporary rule comes from a provision in the Coronavirus Aid, Relief, and...
by Livingston Taxes | Dec 14, 2021 | Tax Tips and News
The Internal Revenue Service has updated its online information with the aim of helping individual taxpayers qualify for Economic Impact Payments (EIPs) if they didn’t already get one. The agency says it has updated its frequently asked questions (FAQs) on the 2020...
by Livingston Taxes | Dec 10, 2021 | Tax Tips and News
Tax professionals have been in the crosshairs of cybercriminals for some time now, and it’s only getting worse. Now, the crooks are casting their nets, not only for client data, but to snare vital data of the tax pros themselves. The Internal Revenue Service says this...
by Livingston Taxes | Dec 10, 2021 | Tax Tips and News
While most Americans have their eyes firmly on the Christmas holidays, many US retirees have another milestone to consider. While the holidays are the emotional favorite, they shouldn’t let the deadline slip by to make Required Minimum Distributions (RMDs) from their...
by Livingston Taxes | Dec 8, 2021 | Tax Tips and News
New guidance is available for employers on the retroactive termination of the Employee Retention Credit. The new information is contained in Notice 2021-65. The reversal comes after passage of the Infrastructure Investment and Jobs Act on Nov. 15 of this year. The new...
